Nigeria To Hold ICT Investment Summit

Nigerian government is targeting the expansion of current broadband penetration to cover rural and underserved communities using Solar Based Technology.

Minister of Communication Adebayo Shittu who said this at a media conference on Tuesday in Abuja said this would form a critical part of moves to woo investors into the country at the Nigerian diaspora direct investment summit in London.

The impact of information communication technology as the fourth pillar of the Nigerian economy as well as a viable alternative to the oil sector is not in doubt even as the country intensifies effort in its diversification drive.

Harnessing the sector to the fullest has been a challenge over the years. The minister of communications is looking at the revolution that the broadband penetration has brought into the country through mobile phones, Internet services among others, which can be expanded to exceed the current target of thirty percent.

The government hopes to achieve this and more at the Nigerian diaspora direct investment summit in London as a platform to attract investments from about two million Nigerians and other willing partners resident in the United Kingdom.

The minister is confident that its huge population and efforts to move the country from a resource-based economy to an entrepreneurial and knowledge based one will get the required investment into Nigeria. The investment summit holding in London later in the year will bring together businessmen and women in diaspora including international investors to establish new businesses that will open up huge employment opportunities for Nigerians in Nigeria.